With the budget timings coinciding with the market and with the whole world gazing at it with great interest and the ensuing media hype, markets have started reacting to budgets on a real time basis. The growth of technology has added to the cause in a great way. The Union budget creates...

According to Article 112 of the Indian Constitution, the Union Budget of a year is a statement of the estimated receipts and expenditure of the government for that particular year. These estimates help economy and industry to know about approach of the government towards them, which is important...

The budget was announced by Finance Minister P Chidambaram on 28th February 2013. There was mounting of expectations from the budget. The mix kind of feelings arrived from the budget. The SMEs, Rural India, infrastructure, textiles, power, port and defense was the focused area. But the reaction...

This paper applies the Campbell-Shiller (1988) methodology to estimate a price dividend model with volatility and inflation risk, extending existing models in this field. The model fits the data well over the period 1979-2002 for the Euro Area, but less so for the U.S. The latter is interpreted...

This paper uses an empirical connection between real stock market indices of Germany and the USA for forecasting corresponding returns. We are starting from the random walk as the traditional forecasting model in stock market applications, extending it by co-integration. Since the cointegrating...